Insurance Rates Decline for BMW 535xi Drivers

Finding low-cost insurance for a new or used BMW 535xi can be difficult, but you can learn the following methods to make it easier.

There are both good and bad ways to find auto insurance online and we’ll show you the quickest way to compare rates on a BMW and locate the cheapest rates either online or from local insurance agents.

Shopping for affordable auto insurance coverage is quite easy. Essentially every vehicle owner who has to buy auto insurance will most likely be able to find better rates. But drivers must understand the methods companies use to price insurance differently and apply this information to your search.

Performing a rate comparison can take hours if you don’t understand the easiest way. You could waste time talking about coverages with insurance companies in your area, or you could use online quotes to get pricing more quickly.

Many companies belong to an insurance system where prospective buyers only type in their quote data once, and each company provides a quote determined by their information. This prevents consumers from doing form submissions for each company you want a rate for.

To compare pricing click here (opens in new window).

The one disadvantage to using this type of system is you don’t know exactly the providers to get quotes from. If you prefer to choose individual companies to receive pricing from, we put together a list of low cost auto insurance companies in your area. Click to view list.

Whichever way you use, be sure you’re using equivalent coverage limits and deductibles for each quote you get. If your comparisons have differing limits it will be very difficult to make a fair comparison for your BMW 535xi. Quoting even small variations in insurance coverages or limits may result in large price differences. And when comparing auto insurance rates, know that comparing more rates from different companies helps improve the odds of finding the best rates.

Get lower-cost auto insurance with discounts

Insurance can be prohibitively expensive, but you can get discounts that may help make it more affordable. Many of these discounts will be applied automatically at quote time, but once in a while a discount must be inquired about before you will receive the discount.

• Seat Belt Usage – Drivers who require all occupants to buckle up can save up to 10 percent (depending on the company) on medical payment and PIP coverage.
• Braking Control Discount – Cars, trucks, and SUVs that have steering control and anti-lock brakes are safer to drive so companies give up to a 10% discount.
• Drive Safe and Save – Accident-free drivers could pay up to 40% less on 535xi insurance than drivers with accidents.
• One Accident Forgiven – but companies like State Farm and Progressive will let one accident slide without raising rates as long as you don’t have any claims prior to the accident.
• Auto/Life Discount – Not all insurance carriers offer life insurance, but some may give you a discounted auto insurance rate on car insurance if you buy some life insurance too.

A little disclaimer on discounts, some of the credits will not apply to your bottom line cost. The majority will only reduce specific coverage prices like collision or personal injury protection. Despite the appearance that all those discounts means the company will pay you, you’re out of luck.

A few popular companies and some of the discounts are outlined below.

• State Farm discounts include Steer Clear safe driver discount, Drive Safe & Save, safe vehicle, accident-free, and multiple autos.
• GEICO policyholders can earn discounts including anti-theft, multi-policy, seat belt use, defensive driver, and air bags.
• SAFECO may offer discounts for anti-lock brakes, teen safety rewards, multi-car, teen safe driver, and bundle discounts.
• Farmers Insurance includes discounts for electronic funds transfer, switch companies, multi-car, bundle discounts, business and professional, youthful driver, and pay in full.
• AAA may have discounts that include education and occupation, anti-theft, good student, good driver, multi-policy, multi-car, and pay-in-full.
• USAA offers discounts for military installation, annual mileage, loyalty savings, defensive driver, good student, and family discount.

Before buying, ask all companies you are considering which credits you are entitled to. Some discounts listed above may not be available in every state. To see a list of companies that offer multiple discounts, click here to view.